Southwest Gas (SWX) Misses Q4 EPS by 17c, Revenues Beat; Initiates FY19 EPS Mid-Point Guidance Below Consensus
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Southwest Gas Holdings, Inc. Announces 2018 Earnings and Initiates 2019 Earnings Guidance
February 27, 2019 5:00 PM ESTLAS VEGAS, Feb. 27, 2019 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) announced consolidated earnings of $3.68 per diluted share for 2018, a $0.36 decrease from tax reform influenced consolidated earnings of $4.04 per diluted share during 2017. Consolidated net income was $182.3 million for 2018, compared to consolidated net income of $193.8 million for 2017. The natural gas operations segment had net income of $138.8 million in 2018 compared to net income of $156.8 million in 2017, while the utility infrastructure services segment had net income of $45 million in 2018 compared to net income of $38.4 million in 2017. Consolidated current-year results include a $3.2 million loss, or... More
